In a report titled Kenyan Startup Ecosystem Report 2022, Disrupt Africa ranked Kenya second to Nigeria.
Nairobi was praised for being the home of creative start-ups and was also named the top hub of Africa’s technology, with 97.4% of startups tracked.
“Kenya has a well-established reputation as a pioneer in Africa’s tech space, but its journey has been far from smooth,” Disrupt Africa co-founder Gabriella Mulligan said.
“Kenya is the leading hub for technology startups in Eastern Africa and holds exciting opportunities for the future.” Newtown Partners managing partner Llew Claasen added.
Read: Why Nairobi Presents The Best Investment Opportunities – Report
Kenya was also listed among the African nations with the best-established startup ecosystems in February of this year. Kenya moved up one spot to take over the 61st spot internationally, coming in first in Eastern Africa and second overall in Africa.
In other rankings, Kenya was named the top nation in Africa for starting and maintaining a business. According to the most recent ranking by US News and World Report, Kenya rose from position 39 in 2021 to position 26 globally.
Nairobi was also ranked fifth among the African cities hosting a majority of African-dollar millionaires.
Read: Nairobi Among Top Five African Cities With Most High Net Worth Individuals
According to a recent report by Henley & Partners, approximately 5,000 high-net-worth people (HNWIs) with Ksh120 million ($1 million) reside in Nairobi. Around 240 multi-millionaires ($10 million+) and 11 centi-millionaires ($100 million+) also reside in the city.
According to the survey, Johannesburg, the financial centre of South Africa, has the most HNWIs in Africa, with 15,200, followed by Cairo, the capital of Egypt, with 7,800.
No African city was among the top 20 worldwide in terms of the number of millionaire residents.
With 345,600 HNWIs, New York, the most populated city in the US, has the highest concentration of billionaires in the world. Tokyo and the San Francisco Bay Area are next, with 304,900 and 276,400, respectively.
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